48.16.010 - Deposits of insurers -- In general. - Washington Statutes

Deposits of insurers — In general.

The commissioner shall accept deposits of securities or funds by insurers as follows:

     (1) Deposits in amount as required to be made as prerequisite to a certificate of authority to transact insurance in this state.

     (2) Deposits of domestic or alien insurers in amount as required to be made by the laws of other states as prerequisite for authority to transact insurance in such other states.

     (3) Deposits in amounts as result from application of the retaliatory provision, RCW 48.14.040.

     (4) Deposits in other additional amounts permitted to be made by this code.

[1955 c 86 § 3; 1947 c 79 § .16.01; Rem. Supp. 1947 § 45.16.01.]

Notes: Effective date -- Supervision of transfer -- 1955 c 86: See notes following RCW 48.05.080.